Special Meeting Report, November 29th 2023 Click here for NZSA Assessment and Voting Intentions The meeting was called to approve a proposal for the company to borrow up to $10 million from its major shareholder Federal Pacific Group to take advantage of business opportunities. After opening the meeting, Chair, Robin King, handed over to the…
Read more
Annual Meeting Report, November 16th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $55.9m $58.0m $57.7m $66.6m 15% Gross Profit $19.9m $19.6m $19.5m $23.8m 22% Gross Profit Margin 36% 34% 34% 36% 6% NPAT $6.9m $3.9m $6.2m $6.3m 2% Inventory Turnover 0.79 0.85 0.82 0.84 3% EPS1…
Read more
Annual Meeting Report, November 27th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $111m $111.6m $95.5m $89.6m -6% Gross Profit $22.8m $31.4m $29.7m $24.7m -17% NPAT -21.5m $1.7m $2.2m $10.7m 379% Gross Profit Margin 19% 28% 31% 28% -11% Inventory Turnover 2.39 3.08 2.78 2.69 -3% EPS1…
Read more
NZSA Disclaimer We’ve watched with ever-raising eyebrows as the governance dilemma at Sanford’s continues to unfold over the last fortnight. The latest in the saga is the release of the company’s Notice of Meeting (NoM) for its shareholder meeting, to be held in late December. The NoM includes a nomination for John Strowger as a…
Read more
Annual Meeting Report, November 9th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Property Revenue $103.3m $113.6m $127.4m $150.5m 18% Net Property Income $100.1m $109.7m $123.0m $145.2m 18% Operating Profit $41.1m $51.1m $56.5m $69.5m 23% Revaluations $29.2m $267.4m $305.8m -$205.1m n/a NPAT $58.1m $278.4m $303.5m -$152.4m n/a EPS1…
Read more
Annual Meeting Report, November 23rd 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $304.2m $305.4m $325.6m $381.4m 17% Gross Profit $153.7m $159.1m $151.0m $169.8m 12% NPAT $65.4m $62.2m $63.0m $64.8m 3% Gross Profit Margin 51% 48% 46% 45% -4% EPS1 $0.647 $0.615 $0.623 $0.641 3% PE Ratio…
Read more
Annual Meeting Report, November 24th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 (rest.) 2022 2023 Change Retail Sales $3,173m $3,415m $3,294m $3,399m 3% Gross Profit $1,035m $1,241m $1,164m $1,137m -2% Operating Profit $90m $270m $159m $102m -36% NPAT2 $44m $108m $89.3m $29.9m -66% Gross Profit Margin 33% 36% 35% 33%…
Read more
Annual Meeting Report, November 15th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $2,073m $2,573m $2,387m $2,118 -11% EBITDA $446m $553m $537m $505m -13% NPAT $125m $187m $182m $127m -30% EPS1 $0.174 $0.241 $0.233 $0.162 -31% PE Ratio 38 34 31 50 Capitalisation $4.8b $6.3b $5.6b 6.4b…
Read more
Annual Meeting Report, November 21st 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $34.6m $30.7m $26.4m -14% Operating Costs $20.9m $19.6m $15.4m -21% Dep. and Amort. $12.9m $11.3m $8.4m -25% NPAT $0.8m -$19.1m -$0.2m n/a EPS1 $0.02 -$0.46 -$0.004 n/a PE Ratio 35 n/a n/a Capitalisation $29.0m $15.0m…
Read more
Annual Meeting Report, November 21st 2023 Click here for NZSA Assessment and Voting Intentions This AGM was held virtual only. Disappointingly the video stream consisted only of the slides – which were few in number. There were no visuals of the speakers. Task is now solely ASX-listed although it continues to have a substantial NZ shareholder…
Read more
